Why 401(k) Default Options May Not Be Enough

Many employers automatically enroll their employees in retirement plans. While that’s helpful, the default options within 401(k) plans may fool you into thinking that you’re saving enough. Learn why these defaults have been set and what you should do about them to become more financially secure.

The 401k Plan: The Basics

A 401(k) plan is a qualified retirement plan sponsored by an employer for the benefit of its employees, like you. This type of plan may help you save for retirement. Here’s what you should know about these plans.